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28 Nov 2014
EUR/JPY capped at 147.40 key resistance - FXStreet
FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Japanese yen appreciated some against most rivals, dragging the EUR/JPY cross below the 147.00 level.
Key Quotes:
“The EUR/JPY presents a neutral stance, as price hovers around its 100 and 200 SMAs while indicators hover around their midlines. In the 4 hours chart 100 and 200 SMAs head higher still well below current price, but indicators are also lacking clear direction around their midlines”.
“The 147.40 price zone has been capping the upside for four days in a row, meaning short term traders’ stops should lie above: if triggered with data, may see the pair extending above the 148.00 level during the upcoming sessions”.
Key Quotes:
“The EUR/JPY presents a neutral stance, as price hovers around its 100 and 200 SMAs while indicators hover around their midlines. In the 4 hours chart 100 and 200 SMAs head higher still well below current price, but indicators are also lacking clear direction around their midlines”.
“The 147.40 price zone has been capping the upside for four days in a row, meaning short term traders’ stops should lie above: if triggered with data, may see the pair extending above the 148.00 level during the upcoming sessions”.